New Year – What better time to sort your finances?

Pensions

• Consolidate your pensions
• Check eligibility for UK state pension and top up contributions
• Look at your options with any UK pensions – there are a number of issues to address AND UK Inheritance Tax now applies to these even if you don’t live in the UK
• Get advice on how much you’ll need to retire
• Check your pension contributions are what they need to be

Investments & Savings

• Check these are performing properly
• Check they are in line with your risk profile
• Make sure you’re not inadvertently exposing yourself to UK taxes – Inheritance Tax can take up to 40% of your investments if you’re not careful

Insurance

• Have you got enough life cover?
• What about critical illness cover?
• How will you pay your bills if you can’t work?